The draft conclusions, backed by Belgium, say Russian assets should remain frozen under EU law until Russia ends its war in Ukraine and pays compensation for damage caused by the conflict.

Freeport expects full-year average net cash costs per pound of copper to be $1.68, compared with its previous forecast of $1.55; it expects fourth-quarter average net cash costs per pound of copper to be $2.47, compared with the market estimate of $2.51.

Domestic News: 1. The Communiqué of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China was released. 2. Ministry of Commerce: He Lifeng will lead a delegation to Malaysia for economic and trade consultations with the US. 3. In September, total electricity consumption reached 888.6 billion kWh, a year-on-year increase of 4.5%. 4. A Ministry of Commerce spokesperson answered reporters' questions regarding the EU's 19th round of sanctions against Russia, targeting Chinese companies. 5. The Central Committee of the Communist Party of China will hold a press conference on the morning of the 24th to introduce and interpret the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China. International News: 1. Trump pardoned Binance founder Changpeng Zhao. 2. Japanese Prime Minister Sanae Takaichi plans to speak with Trump around October 25. 3. A US Department of Commerce official stated that there have been no discussions with Quantum regarding a government equity stake. 4. The US is increasing pressure on Venezuela, with Trump seeking to use land-based operations under the pretext of drugs. 5. Japan's largest labor union said it will seek a wage increase of 5% or more by 2026. 6. Russia-Ukraine Situation—① Zelenskyy claims to have domestically produced missiles with a range of 3,000 kilometers. Land swaps with Russia are unacceptable. ② Putin: The US intention is more likely to postpone the summit than cancel it. New sanctions will not have a significant impact on the Russian economy. ③ The US and Europe announced new sanctions against Russia. Foreign media report that India's imports of Russian oil will drop to near zero. International crude oil prices surged by over 5%. Kuwait stated that OPEC is ready to increase production to meet increased demand.